EtherWorld Weekly - Edition 374

Ethereum advanced the Glamsterdam upgrade, Coinbase secured a major SEC transparency victory, the CLARITY Act gained momentum, and key ecosystem discussions focused on Layer 2 growth, governance, and protocol innovation.

EtherWorld Weekly - Edition 374
EtherWorld Weekly - Edition 374

This Week at a Glance

  • RBI Defends Rupee: Will India’s Stablecoin Premium Rise?: RBI intervention steadies the rupee, but currency volatility and tight liquidity could push India’s stablecoin premium higher again.
  • Maharashtra’s DELTA Act Could Bring Real Estate Onchain: Maharashtra’s proposed DELTA Act could enable blockchain-based property tokenisation, unlocking real-estate liquidity while introducing new legal, regulatory and investor-protection challenges.
  • BitMEX to Shut Down After 11 Years: BitMEX will shut down on September 23, 2026, ending an 11-year legacy that helped define crypto perpetual swaps and high-leverage derivatives trading.
  • Bitcoin's New Quantum Defense Starts With BIP-361: Bitcoin's BIP-361 proposes blocking quantum-vulnerable wallets, retiring legacy signatures, and introducing a recovery path after a five-year transition.
  • GENIUS Act Rules Still Await Final Approval: U.S. regulators miss the GENIUS Act deadline, leaving stablecoin issuers awaiting final rules as the market moves toward a regulated future.
  • AGI Could Change Humanity Forever, Says Vitalik Buterin: Ethereum co-founder Vitalik Buterin outlines why AGI could permanently shift power to machines and how open AI development may reduce the risks.
  • Telegram Launches Gram Wallet for 1 Billion Users: Telegram will launch its native non-custodial Gram Wallet this summer, bringing instant zero-fee crypto transactions to over one billion users worldwide.
  • Why did Malaysia Shut Down Balaji Network School Hub?: Malaysia shuts down Balaji Srinivasan's Network School after licensing violations. Explore the investigation, investment impact, and Kazakhstan move.
  • CLARITY Act Just Added a Major Ban on Federal Officials: The updated CLARITY Act would ban the U.S. president and federal officials from sponsoring digital assets as the crypto bill moves closer to a Senate vote.
  • Coinbase Wins $150K SEC Settlement Over Missing Gensler Texts: Coinbase secures a $150,000 SEC FOIA settlement over missing Gary Gensler texts, marking another major transparency victory after its earlier FDIC lawsuit.

Ethereum Protocol

All Core Developers (ACD)

  • Meeting highlights: ACDC #183 focused on advancing the Glamsterdam upgrade with all Devnet 7 EIPs ratified while beginning discussions on Hegota proposals for Ethereum's next network upgrade.
  • Key decisions: Devnet 7 EIPs were marked Scheduled for Inclusion, and EIP-8334 (Bundled Attestation Propagation) was selected as Proposed for Inclusion in Hegota.
  • Action items: Client teams will prepare for Devnet 8 by completing implementation gaps, reaching API consensus, and reviewing additional Hegota proposals before the August 6 deadline.
  • Next meeting: The next ACDC meeting is scheduled for July 30, 2026. During that call, developers are expected to review Devnet 8 readiness, implementation progress, and additional Hegota proposals before the August 6 proposal deadline.

EIPs

EIPs Status Title Why It Matters?
EIP-7997 Review Deterministic Factory Contract Separates transaction execution from block proposal to improve scalability and support future protocol chnages.
EIP-8326 Review Canonical Document Bundle Anchor Introduces block-wide access list to optimize state access and reduce execution overhead.
EIP-8325 Review Asset Anchor Registry Proposes execution layer changes to improve processing efficiency and client performance.
EIP-7928 Review Block-Level Access Lists Optimises how clients access Ethereum's state to reduce resource usage and improve sync performance.
EIP-8330 Review Subject-Linked NAV Snapshot Oracle Enhances how validator attestations are propagated across the consensus network.
EIP-8329 Review Subject-Linked Impact Snapshot Log Refines peer-to-peer networking for faster and more reliable consensus communication.
EIP-8328 Review Subject-Linked Compliance Event Log Improves validator message handling and network performance within the consensus layer.
EIP-8327 Review Directional Transfer Domain Registry Introduces protocol-level optimisation aimed at reducing overhead in validator operations.
EIP-7976 Review Increase Calldata Floor Cost Continue work on improving smart contract deployment and execution through the EVM object format.
EIP-7708 Review ETH transfers emit a log Introduces additional protocol-level enhancements under discussion for Ethereum upgrades.

ERCs

ERC Status Title Why It Matters?
ERC-5516 Last Call Soulbound Multi-Owner Tokens Introduces non-transferable tokens that can be jointly owned by multiple addresses.

Insights from EIPsInsight.com

Client & Infrastructure Updates

Podcasts

  1. Title: You Say You Want a Revolution
    Host: Pooja Ranjan
    Guest: Thomas Jay Rush
    Key discussion: Explored the revolutionary potential of Bitcoin and decentralization, and how blockchain could reshape society beyond finance, inspired by You Say You Want a Revolution.
  2. Title: Crypto Is Running Out of Reasons to Go Lower
    Co-Host: David Hoffman and Ryan Sean Adams
    Key discussion: Discussed crypto's resilience amid easing inflation and rising geopolitical tensions, Robinhood Chain's rapid growth beyond Base, and who stands to benefit from Ethereum's Layer 2 expansion.
  3. Title: The CLARITY Bill Coin Flip w/ Patrick Witt - The Chopping Block
    Guest: Patrick Witt
    Host: Tom Schmidt, Tarun Chitra, Haseeb Qureshi, and Robert Leshner
    Key discussion: Covered the CLARITY Act's Senate push and ethics provision, Gauntlet's $125M funding, and the challenges facing Balaji's Network School amid shifting crypto regulation and industry dynamics.

Technical Resources

Upcoming Events

Jobs

  • Announcing the Avarch Internship Program: A professional internship program by Avarch offering students real project experience, open-source contributions, expert mentorship & industry-ready portfolio development.

Community Spotlight

Morpho highlighted another milestone in its mission to build more efficient on-chain lending, reflecting the steady pace of innovation across Ethereum's DeFi ecosystem. The update reinforces Morpho's growing role in making decentralized finance more accessible and capital-efficient.

Editor's Note: This week highlighted Ethereum's progress across protocol development, regulation, and ecosystem growth. Core developers advanced the Glamsterdam upgrade through ACDC #183, moving closer to Devnet 8 while reviewing Hegota proposals. Meanwhile, Coinbase's FOIA settlement with the SEC and the amended CLARITY Act kept regulatory transparency and ethics in focus. Discussions around Layer 2s, DeFi, and growing institutional participation further underscored that Ethereum's evolution is being shaped by both technical innovation and a rapidly changing regulatory landscape.*

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